Tips for protecting your home business

More people are running their businesses from their homes than ever. If you’re one of America’s entrepreneurs-in-sweatpants, you’re on the cutting edge of both crafty and cozy.

What you may not have is coverage. Many people assume that their business is covered under their homeowners insurance. Unfortunately, this usually isn’t true.

Don’t sweat it, though, as we’ve got the tips to make sure you’re safe and secure from the comfort of your own laptop:

• Legally Protected — All businesses need liability coverage. General Liability can protect you from lawsuits related to your business. Your homeowners may not cover this kind of legal expense, so make sure you’ve got it.
• Business Gear — The equipment you use for your business has only limited coverage on your homeowners policy. Check to see if you exceed this limit and get additional coverage.
• Virtually Covered — If you instruct through online meetings, you may not have coverage if something happens on the other end. Check out additional coverage for this risk.
• Online Exposure — If you use the internet for your business, you could be at risk for cyber attacks. Get Cyber Liability to get back up and running if you get hacked.

Being proactive could help prevent your business from a loss. Look up what you have - and what you don’t - so you can be comfy and confident for 2021.